There is a risk that Austria could slip into recession next year, the country's central bank said Friday, as it estimated that 2012 economic growth would slow to 0.7 per cent, dpa reported. Austria's economy was expected to have grown by more than 3 per cent in real terms this year, the bank said. "The occurrence of a technical recession cannot be excluded, even if the sovereign debt crisis does not escalate," the bank said, referring to a case in which economic performance falls for two quarters in a row. -- SPA
